QQQ5.L vs. 3ABN.L

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) and Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L).

QQQ5.L and 3ABN.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ5.L is a passively managed fund by Leverage Shares that tracks the performance of the Invesco QQQ Trust. It was launched on Dec 10, 2021. 3ABN.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3x ABNB Index. It was launched on Jun 14, 2021. Both QQQ5.L and 3ABN.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QQQ5.L vs. 3ABN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) and Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L). The values are adjusted to include any dividend payments, if applicable.

QQQ5.L vs. 3ABN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	-34.16%	2.29%	74.04%	430.61%	-96.07%	17.02%
3ABN.L Leverage Shares 3x Airbnb ETP Securities GBP	-30.59%	13,731.46%	-46.87%	117.21%	-96.53%	6.17%

Different Trading Currencies

QQQ5.L is traded in USD, while 3ABN.L is traded in GBp. To make them comparable, the 3ABN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQ5.L achieves a -34.16% return, which is significantly lower than 3ABN.L's -30.59% return.

QQQ5.L

• 1D: 16.54%
• 1M: -19.91%
• YTD: -34.16%
• 6M: -34.99%
• 1Y: 32.72%
• 3Y*: 43.29%
• 5Y*: —
• 10Y*: —

3ABN.L

• 1D: 6.77%
• 1M: -14.94%
• YTD: -30.59%
• 6M: -10.34%
• 1Y: 15,264.69%
• 3Y*: 249.46%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ5.L vs. 3ABN.L - Expense Ratio Comparison

Both QQQ5.L and 3ABN.L have an expense ratio of 0.75%.

QQQ5.L

Leverage Shares 5x Long Nasdaq 100 ETP Securities

3ABN.L

Leverage Shares 3x Airbnb ETP Securities GBP

Return for Risk

QQQ5.L vs. 3ABN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ5.L

QQQ5.L Risk / Return Rank: 27
QQQ5.L Sharpe Ratio Rank: 20
QQQ5.L Sortino Ratio Rank: 37
QQQ5.L Omega Ratio Rank: 34
QQQ5.L Calmar Ratio Rank: 21
QQQ5.L Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ5.L vs. 3ABN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) and Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QQQ5.L	3ABN.L	Difference
Sharpe ratio Return per unit of total volatility	0.34	0.68	-0.35
Sortino ratio Return per unit of downside risk	1.14	324.32	-323.17
Omega ratio Gain probability vs. loss probability	1.15	40.80	-39.65
Calmar ratio Return relative to maximum drawdown	0.50	254.83	-254.32
Martin ratio Return relative to average drawdown	1.42	424.37	-422.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ5.L vs. 3ABN.L - Sharpe Ratio Comparison

The current QQQ5.L Sharpe Ratio is 0.34, which is lower than the 3ABN.L Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of QQQ5.L and 3ABN.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQ5.L	3ABN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	0.68	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.00	-0.24

Correlation

The correlation between QQQ5.L and 3ABN.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQQ5.L vs. 3ABN.L - Dividend Comparison

Neither QQQ5.L nor 3ABN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QQQ5.L vs. 3ABN.L - Drawdown Comparison

The maximum QQQ5.L drawdown since its inception was -96.40%, roughly equal to the maximum 3ABN.L drawdown of -99.24%. Use the drawdown chart below to compare losses from any high point for QQQ5.L and 3ABN.L.

Volatility

QQQ5.L vs. 3ABN.L - Volatility Comparison

The current volatility for Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) is 29.49%, while Leverage Shares 3x Airbnb ETP Securities GBP (3ABN.L) has a volatility of 33.40%. This indicates that QQQ5.L experiences smaller price fluctuations and is considered to be less risky than 3ABN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ5.L	3ABN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.49%	33.40%	-3.91%
Volatility (6M) Calculated over the trailing 6-month period	59.92%	62.27%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	97.75%	21,985.25%	-21,887.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.35%	10,069.52%	-9,963.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.35%	10,069.52%	-9,963.17%